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Sang Hun Park previously spent nine years at Allianz before joining Munich Re as a senior origination manager in August 2021. -
The alternatives manager acquired retirement services firm Athene in January, ahead of its $2bn ADIP sidecar raise.
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The recommendations await approval from the Florida Office of Insurance Regulation.
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The impact of the cyclone, which battered New Zealand in February 2023, was worsened by previous bad weather on the North Island.
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The reinsurance recoverables from Lorenz investors were up by 56% to $921mn in the 2022 year.
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The reinsurance and ILS leader joined the firm in 2012 during a “rollercoaster” year for industry loss warranties.
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The securitised reinsurance tokens require a minimum investment of $20,000 in the US and $2,500 outside of the US.
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Jacques de Vaucleroy has been appointed vice chairman as the carrier seeks a new chairman.
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The facility will support quota share capacity with Anchor Re on behalf of SageSure carrier partners.
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The state carrier completed phase one of its program with the $500mn Lightning Re cat bond placement.
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Reinsurers are also increasing their attention on per-risk contracts protecting Japanese interests abroad.
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Most of the 708,255 claims relate to residential properties and arose from Lee County, Florida.
